The crypto market rose 4% yesterday after a week of declines. This growth has led whales to move into the derivatives and spot markets, and many strategic positions are forming.
Meanwhile, one of the whales tried to take advantage of the market stability by opening a 15x long position on 1,610 Bitcoin ($173 million) and a 3x long position on 19,894 Ethereum ($77.4 million).
In contrast, another whale has opened a 10x short position on 700 BTC (about $75.5 million) by depositing $30 million USDC into Hyperliquid. This whale had previously profited $160 million from selling Bitcoin during the October 11 crash.
Also, one of the whales has combined positions worth around $70 million; these positions include a short position of 232 Bitcoin ($25 million) and 5,810 Ethereum ($22.7 million), along with a long position of 44.79 million ENA Etna tokens ($21.3 million).
This combination of positions reflects his optimism towards certain altcoins and a balanced strategy between potential market declines and increases.
